Does anyone know any good mutual fund books - prefer best selling ones? I'm looking into getting some low and high risk funds. Thanks.
2007-01-15 11:27:03 · 4 answers · asked by itguru5354 1 in Business & Finance ➔ Investing
As one of your responders mentioned "mutual funds for dummies". It should tell you everything you need to know to proceed in your quest. But check out your library and see if they carry the Morningstar Guide to Mutual Funds. It is the very best refernce there is. Yahoo Finanace also carries the Morningstar ratings of the mutual funds. Look for ones rated 4 and 5 stars.
2007-01-15 13:59:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Not sure about any books. Just wanted to say be careful about where you take advice on funds from. Some companies, say Kiplinger may have a stake in the fund your buying. Always cross check your sources. Check out Quicken.com or Morningstar.com to check how the fund has performed compared to the S&P. Check the last Year, the last 5 years. Also check the fees a fund charges. NO loads are good, shouldn't pay more than 1% for a fee it eats into your profits. I'm somewhat new to this, but these are some basics I have learned.
2007-01-15 20:22:28 · answer #2 · answered by crossroads67 2 · 0⤊ 0⤋
I've read the books (and magazines) for years and noticed that everytime someone says "This is the best fund", lots of money pours in to the fund and suddenly the performance drops.
How about a fund that beats 80% of *ALL* the mutual funds? Index funds are boring, have low fees, and is close to "set it and forget it" as you can get.
Just my opinion.
Mike Honeycutt
2007-01-15 19:47:21 · answer #3 · answered by mahoneycuttnc2002 6 · 0⤊ 0⤋
Good beginner book is "Mutual Funds for Dummies."
2007-01-15 20:28:26 · answer #4 · answered by gosh137 6 · 0⤊ 0⤋